BTC breaking down from upward trend

23 feb 2018

BTC was in an upward momentum. It has just broken the trend line and I am looking for it to approach the downward trend line as well as the red fib level. Those would both be major supports and opportunities to buy in with a sell approaching the upper level of the downward trend line to lock in profit. This may take a few days for the price to approach these bottom levels. Stochastics are showing a reversal in the trend as well which just adds to the idea that the price will drop significantly enough for a potential buy zone near the bottom downward trend line and the fib level. This is of course dependent on the indicators as well as any good/bad news in the crypto realm.